MoneyWorks4Me

STL Networks secures contract worth around Rs 360 crore

15 Sep 2025 Evaluate

Invenia-STL Networks has secured a major contract worth over Rs 360 crore from PowerGrid Teleservices (PowerTel), a wholly owned subsidiary of the Power Grid Corporation of India (PGCIL), the nation's largest electric power transmission utility.

Under the agreement, Invenia will design, build, commission, and maintain the complete IT and cloud infrastructure for a greenfield Tier III data centre at PowerGrid's Manesar facility. In addition, Invenia will establish a Disaster Recovery Data Centre (DRDC) and deliver a scalable Infrastructure as a Service (IaaS) solution complemented by Disaster Recovery Services. This transformative project encompasses a comprehensive Operation & Maintenance (O&M), ensuring the long-term performance and operational readiness of the data center.

STL Networks operates under the brand name 'Invenia'. Invenia is a leading digital infrastructure and IT services company. It enables telcos, government, defence, citizen networks, and large enterprises (in BFSI, Education, Mining, Energy, and Healthcare) across India and the UK with advanced capabilities in designing, building, managing, and transforming digital landscapes. 


Peers
Company Name CMP
HFCL 233.45
Bondada Engineering 281.60
Pace Digitek 158.05
GTL Infrastructure 1.17
STL Networks 36.54
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